SCHEDULES

C1SCHEDULE 2 Regulated Activities

Annotations:
Modifications etc. (not altering text)
C1

Sch. 2 applied by 1974 c. 39, s. 16(6E)(c) (as inserted (1.9.2002) by S.I. 2001/544, arts. 2(1)(2)(b), 90(2); S.I. 2001/3538, art. 2(1))

Part III Supplemental Provisions

Interpretation

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1

In this Schedule—

  • “buying” includes acquiring for valuable consideration;

  • “offering” includes inviting to treat;

  • “property” includes currency of the United Kingdom or any other country or territory; and

  • “selling” includes disposing for valuable consideration.

2

In sub-paragraph (1) “disposing” includes—

a

in the case of an investment consisting of rights under a contract—

i

surrendering, assigning or converting those rights; or

ii

assuming the corresponding liabilities under the contract;

b

in the case of an investment consisting of rights under other arrangements, assuming the corresponding liabilities under the contract or arrangements;

c

in the case of any other investment, issuing or creating the investment or granting the rights or interests of which it consists.

3

In this Schedule references to an instrument include references to any record (whether or not in the form of a document).